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78R5732 PB-D

By:  Nelson                                                       S.B. No. 637


A BILL TO BE ENTITLED
AN ACT
relating to elimination of the state payment for certain national insurance database fees. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 802.055, Insurance Code, as effective June 1, 2003, is amended to read as follows: Sec. 802.055. COSTS PAID BY INSURANCE COMPANY. [(a)] An insurance company shall pay all [the] costs of preparing and furnishing to the National Association of Insurance Commissioners the information required under Section 802.052. [(b) Except as provided by Subsection (a), costs relating to providing the information required under Section 802.052 may not be assessed against an insurance company.] SECTION 2. This Act takes effect June 1, 2003, if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for effect on June 1, 2003, this Act takes effect September 1, 2003.